Managing liquidity risk in a global system

For most of my time as deputy governor the financial and economic environment was, and indeed still is, relatively benign. But the question that I found myself asking was: are vulnerabilities mounting behind this benign exterior and will they one day crystallise when a bigger shock arrives that the market simply cannot absorb? The fact is we just don't know and for this reason we need to be particularly vigilant.

In my mind, this raises questions about liquidity: the focus of this article. If a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: